Africa Business Radio

Crypto Analytics Firm Raises $60 Million From Softbank

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Synopsis

Cryptocurrency analytics firm Elliptic says it had raised $60 million from investors including SoftBank and Wells Fargo Strategic Capital, the latest blockchain analytics firm to attract mainstream investment.London-based Elliptic says the Series C round was led by Evolution Equity, with the SoftBank Vision Fund 2 investing for the first time. Other new investors include Japan’s SBI Group, Elliptic said in a statement, without disclosing its valuation.it says It plans to invest in its global network and team, as well as continuing research and development.